Academic journal article Journal of Business and Entrepreneurship

An Examination of the Job Market for Entrepreneurship Faculty from 1989 to 2014

Academic journal article Journal of Business and Entrepreneurship

An Examination of the Job Market for Entrepreneurship Faculty from 1989 to 2014

Article excerpt

INTRODUCTION

This article examines faculty trends within the field of entrepreneurship. It comes at a very important time to candidates and Schools of Business and Management. Entrepreneurship is no longer a young and emerging academic discipline. It has become increasingly popular and more competitive. As such, it is vital that faculty seeking jobs in the global market understand the past and current trends that are happening so they can maximize their career paths. Likewise, Schools of Business and Management should take notice of the findings to understand the competitive landscape when they seek candidates and potential doctoral candidates.

This study comes during a time of slow recovery from the worst economic event since the Great Depression of 1929. The world is now in its five year of recovery since the bottom of the Great Recession in March, 2009. Globally, we are still undergoing deleveraging, which could last anywhere from 10-15 years since 2009.

The trends within higher education are troublesome. The cost of higher education is enormous with students coming out of schools with a huge debt burden. According to CnnMoney.com, the average amount of student loan debt for those leaving a US college with an undergraduate degree in 2012 was $29,400 (Ellis, 2013). Mitchell (2014) reported that the median debt for graduate students at the end of 2012 was $57,600, 43% higher than 2004. As of April, 2014 the US debt clock (see http://www.usdebtclock.or8/) showed that the total amount of student loan debt owed in the US was approximately $1,286 trillion and student loan debt has surpassed both credit card and auto debt in the US. Furthermore, state funding for higher education has decreased by 28% from 2008 to 2013.

Combine this with the potential disruption of the traditional college model by online education or Massive Open Online Courses (MOOCs). A few professors have suggested that traditional, slow moving colleges will lose out to quicker and nimbler colleges that offer these types of educational opportunities. Clayton M. Christensen, a Harvard professor of business strategy, stated in a New York Times that the "bottom 25 percent of every tier" of colleges will disappear or merge in the next 10 to 15 years" (Selingo, 2013). More recently, Richard Lyons, Dean of the University of Califomia-Berkeley School of Business, stated that if the top MBA programs were to put their programs online, up to 50% of all business schools could fail within 5-10 years (Clark, 2014).

Under the backdrop of the changes in higher education, this article investigates changes in the number, level and priority of entrepreneurship positions and candidates from all over the world from 1989/90 to 2013/14. This study examines the institutionalization of the field of entrepreneurship by examining the change in the number and level of entrepreneurship positions, as well as the number, level and training of entrepreneurship candidates from 19892014. One measure of institutional acceptance within the field of entrepreneurship would be the level of demand and supply for tenure track faculty in the field. This study will address the question of the institutionalization of the field by examining the changes in the market for entrepreneurship faculty between the academic years 1989/90 and 2013/14.

Institutional theory argues that organizations operating in institutionalized environments demonstrate that they are acting in a legitimate manner adopting the structures and activities that are perceived to be legitimate by their critical external resource providers (Finkle & Deeds, 2001). In essence by adopting the appropriate structures (institutions) the organization increases its legitimacy and is able to use this legitimacy to increase its support and ensure its survival (Dowling & Pfeffer, 1975; Meyer & Rowan, 1977).

I examine the global faculty trends in the field of entrepreneurship by examining the entire sample of advertised candidates and jobs from 1989-2014. …

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